Farmers ponder options amid expected hit to income

Photo courtesy of Aaron Fuhrman/Flickr
Record corn and soybean harvests have driven prices for these crops to the point that some farmers can’t turn a profit; these farmers may need to try different crops for which the demand is still high. | Photo courtesy of Aaron Fuhrman/Flickr

As planting season approaches, farmers in Missouri and across the Midwest must make difficult decisions as they face another year of declining revenue and steady or rising production costs.

Record corn and soybean harvests have driven prices for those crops to the point that farmers can’t turn a profit on certain tracts of land. Corn hovered around $8 a bushel three summers ago, but after two strong harvests prices have fallen below $4 per bushel — dangerously close to the break-even point for many farmers.

The result is an expected 30 percent hit to net income for farmers this year and the possible need to try different crops, like sorghum, for which demand is still strong.

Read more from the St. Louis Post-Dispatch


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